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Article: PALM SPRINGS SAVINGS BANK REPORTS INCREASED SECOND QUARTER EARNINGS; DECLARES CASH DIVIDEND
- Article from:
- PR Newswire
- Article date:
- July 25, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PALM SPRINGS, Calif., July 25 /PRNewswire/ -- Palm Springs Savings Bank, FSB (Nasdaq SmallCaps: PSSB), has reported net earnings of $308,000 for the second quarter of 1995. This is an increase over earnings of $295,000 reported for the second quarter of 1994, making this the twenty-sixth consecutive profitable quarter at the locally owned and operated Palm Springs Savings Bank. For the first six months of 1995, net earnings grew by 2.9 percent, up to $577,000 from $561,000 for the same period in 1994.
Earnings per share during the second quarter of 1995 increased to $0.27, compared to $0.25 for the same period in 1994. Total Capital increased from $9.8 million on ...